Blue Bird (BLBD) Tender Offer ($360 Gain) [revision: odd lot provision removed]

Company: Blue Bird Corporation
Ticker: BLBD
Market Cap: $650mm
Size of Action: up to $50mm
Type of Transaction: Tender Offer (odd lot provision was removed)
Current Price: $24.35
Tender Price: $28.00
Potential Gain (%): 15%
Expiration: 5pm Oct 15th, 2018
Tender Limit (Shares): NA
Max Investment ($): $2,400
Max Gain ($): $360
Link: Link
Summary: Blue Bird is issuing a tender to acquire up to $50mm of its shares at $28.00 per share. Update: The tender offer was revised and the odd lot provision was removed.
Odd Lot Provision: ...first, we will purchase all Odd Lots (as defined in Section 1) of less than 100 shares of Common Stock at the Common Stock Offer Price from shareholders who properly tender all of their shares of Common Stock and who do not properly withdraw them before the Expiration Date (tenders of less than all of the shares of Common Stock owned, beneficially or of record, by such Odd Lot Holder (as defined in Section 1) will not qualify for this preference); and ...
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